Potential expansion of Nautilus Cryptomine capacity
Company: TeraWulf - Project: Nautilus
What the later record shows
The date slipped · new target February 28, 2025
The 100 MW expansion was split into a TeraWulf 50 MW option and a Talen 50 MW option running twelve months after TeraWulf's February 2024 election. The expansion had not occurred as of September 30, 2024.
“the Talen Member may, within twelve months of the Company’s election, elect to expand the energy requirement of the Nautilus Cryptomine Facility by up to an additional 50 MW”
2024-05-12 · TeraWulf 10-Q filed 2024-05-13 View cached copy (2026-09-13)Live source ↗
“The expansion of energy requirements of the Nautilus Cryptomine Facility had not occurred as of September 30, 2024.”
2024-11-11 · TeraWulf 10-Q filed 2024-11-12 View cached copy (2026-08-31)Live source ↗
Checked October 9, 2026 against filings, releases and reporting published after the claim was made. Quotes are verbatim from the linked documents.
The claim, verbatim
Members may elect to expand energy requirement by up to 100 MW prior to May 13, 2024, for total capacity of 300 MW
Source (primary)
TeraWulf 8-K filed 2022-08-29 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “the Members may elect to expand the energy requirement by up to 100 MW prior to May 13, 2024, for a total capacity of 300 MW”
How we checked this
Checked on October 11, 2026. The cited source supports every part of this claim.
The 8-K states the facility initially requires 200 MW and the Members may elect to expand by up to 100 MW before May 13, 2024, for a total of 300 MW.
Confirmed in the source:
- The Nautilus Members may elect to expand the facility's energy requirement by up to 100 MW
- The expansion election must be made prior to May 13, 2024
- The expansion would bring total capacity to 300 MW, up from an initial 200 MW
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1083301/000108330122000029/wulf-20220829x8k.htm) in full (9,834 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms TeraWulf 8-K filed 2022-08-29
Quote: “the Members may elect to expand the energy requirement by up to 100 MW prior to May 13, 2024, for a total capacity of 300 MW”
delays TeraWulf 10-Q filed 2024-11-12
Quote: “The expansion of energy requirements of the Nautilus Cryptomine Facility had not occurred as of September 30, 2024.”
delays TeraWulf 10-Q filed 2024-05-13
Quote: “the Talen Member may, within twelve months of the Company’s election, elect to expand the energy requirement of the Nautilus Cryptomine Facility by up to an additional 50 MW”